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20121202
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talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this negotiation, very public negotiation, which is not the best way to do it. i think at some point, the preside
still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick around. we'll get back to you as well. >>> from wall street now
but that was a vatican account not his personal account. the pope is officially a tweeter. >> the presidential election became the most searched item. the election was over one of the second was iphone 5 and no. 3 cam car- she and because of the divorce with chris humphries. also kate capt., kate will tran and whitney houston. >> and card test and is in bahrain right now and there have been some protest. >> i wonder why >> got the of the next hour following five days of rain will have more on the storm taking place in the bay area today. also the sinkhole and lafayette. we're waiting for the next round of rain and erica kato will have the the timing on the forecast. keeping an eye and washington politicians are getting nowhere as they try to deal with the fiscal cliff that is just 28 days away. will be back in two minutes after this quick break. 0ñ@Ñ
Search Results 0 to 2 of about 3

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